The top 10 high growth composite materials market is projected to reach
USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of
7.04% between 2016 and 2021.

The major factor expected to boost the growth of the market is high
demand for top 10 composite materials from the aerospace & defense,
wind, and transportation applications. However, the high cost of
manufacturing and raw materials and recyclability issue associated with
composites may restrain the growth of the market.

The aerospace & defense application led the top 10 high growth composite
materials market, by value. Composite aerospace structures are required
to survive extreme operating conditions, such as high stress, shock, and
impact loads. These requirements of complex aerospace structures are
fulfilled by composites. There is an increase in the demand for top 10
composite materials, due to the development of new aircraft, including
Airbus A350 XWB and A320neo and Boeing 787 and 737 MAX.